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Investigation announced for Long-Term Investors in shares of Aterian, Inc. (NASDAQ: MWK) over potential Wrongdoing

09-14-2021 06:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Aterian, Inc. (NASDAQ: MWK) shares.

An investigation on behalf of current long term investors in Aterian, Inc. (NASDAQ: MWK) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Aterian, Inc..

Investors who are current long term investors in Aterian, Inc. (NASDAQ: MWK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: MWK stocks follows a lawsuit filed against Aterian, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MWK stocks, concerns whether certain Aterian directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants failed to disclose to investors that the Company’s organic growth is plummeting, that the Company’s recent, self-lauded acquisitions were overpayments for flawed assets from questionable sources, that Aterian’s purported artificial intelligence software is a flawed product that lacks customer interest, that Aterian uses rebate programs and paid or artificial reviews to pump up their product offerings, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Aterian, Inc. (NASDAQ: MWK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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